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Most of the biden job growth was: 1. From money printing 2. From the federal government employing some huge percentage of the usa population. Any job growth
by mikert89 1y ago
Most of the biden job growth was:
1. From money printing
2. From the federal government employing some huge percentage of the usa population.
Any job growth numbers and conclusions about the economy need to take the above into account.
- bryanlarsen 1y agoTrump is printing money faster than Biden did. How come it's not helping him?
- mikert89 1y agohave you seen interest rates? also, the FED prints money
- bryanlarsen 1y agoDeficits print money too.
- dragon-hn 1y agoBut none of that really changed. The money printer is still going ant the same pace, and will only be going faster in the coming year. And the Federal layoffs from the DOGE nonsense haven’t even started to hurt since so many are still getting paid. Something else is the source of this…
- mikert89 1y agowhich money printer?
- drooby 1y agoReminder that Trump signed two (of three) Covid stimulus checks
- bryanlarsen 1y agohuge percentage? https://www.pewresearch.org/short-reads/2025/01/07/what-the-data-says-about-federal-workers/sr_25-01-07_federal-workers_2/ https://www.pewresearch.org/short-reads/2025/01/07/what-the-...
- mikert89 1y agoneed to take contractors into account
- cheema33 1y ago> Most of the biden job growth was: > 1. From money printing A US president is allowed to print money? Please cite your sources that Biden printed money. > 2. From the federal government employing some huge percentage of the usa population. Federal govt. employee count has stayed relatively stable since the 1960s at 1.5% and 2% of the total US workforce. Here is the share of US Federal Civilian Workforce Compensation as a Percentage of GDP (2016–2024). If you look closely you might notice that the cost of federal workforce compared to GDP actually went down in the Biden years. Year Share of GDP (%) 2016 1.49 2017 1.49 2018 1.46 2019 1.36 2020 1.42 2021 1.42 2022 1.37 2023 1.31 2024 1.27 Furthermore, federal govt. employee count remained steady under Obama. And grew during Trump's first term. And then shrunk under Biden. If you are voting based on your incorrectly held beliefs, you are doing us all, your fellow countrymen, a disservice.